Middletown Official Indicted in Tax Fraud for Not Reporting Income

FREEHOLD – A Monmouth County grand jury has returned an indictment charging the director of Management Information Systems in Middletown Township for underreporting his income on his 2010-2014 tax returns and failing to disclose income from outside his employment with the township, announced Acting Monmouth County Prosecutor Christopher J. Gramiccioni.

Todd W. Costello, 45, of Jackson, is named in a 14-count indictment charging him with five counts of third degree Filing a False Return, five counts of third degree Failure to Pay Taxes, and four counts of third degree Tampering with Public Records. If convicted, each of the third degree counts carries a potential sentence of three to five years in a New Jersey state prison.